Key Takeaways
Nasdaq, ever the busy bee, submitted an updated filing to the SEC to add staking to the iShares Ethereum Trust issued by BlackRock. This comes after ETHA saw a whopping $499 million in daily inflows, yet the price of ETH remains as stubborn as a mule.
On the 17th of July, BlackRock, the financial behemoth, filed with the U.S. Securities and Exchange Commission (SEC) to give its iShares Ethereum Trust [ETHA] a shiny new feature: staking. 🎉
Nasdaq, the ever-reliable middleman, submitted the filing “to permit staking of ether held by the Trust.” It’s like giving a pig a paintbrush—sure, it can do it, but why?
Nasdaq and BlackRock weren’t the first to think of this grand idea. Back in March, the Chicago Board Options Exchange (CBOE) and the New York Stock Exchange (NYSE) proposed adding ETH staking to Fidelity, Franklin, and Bitwise ETFs. It’s a regular parade of proposals, isn’t it?
Rival issuers 21Shares and Grayscale have also thrown their hats into the ring, submitting similar proposals. It’s like a game of who can file the most paperwork without actually doing anything.
ETHA, the largest spot Ethereum ETF by assets under management, had $7.9 billion in assets under management as of the 17th of July. On the 16th of July, it saw a $499 million inflow. That’s more money than I’ve ever seen in my life, and I’ve seen a lot of things! 💰
Bloomberg ETF analyst James Seyffart, the voice of reason in this madness, clarified that staking was “not yet done.” He said,
“Staking is not ‘done’. There are plenty of ETH staking ETF filings already on the books. Final deadline for earlier filings is in late October.”
Seyffart added,
“The Blackrock filing today won’t have a final deadline until ~April 2026 (but we think staking will likely be approved by at least 4Q25).”
How have the market and its participants reacted?
Vance Spencer, co-founder of crypto-native investment firm Framework Ventures, chimed in on X:
“Maybe you didn’t expect Lubin and Tom Lee to lead the TradFi bandwagon to ETH, and BlackRock to add staking just as the wheels start to turn. But that’s what’s happening. There’s no need to be upset.”
Spencer referred to Joe Lubin and Tom Lee in his post. Lubin, the chairman of SharpLink Gaming, and Lee, a top Wall Street strategist and Head of Research at Fundstrat, are the new heroes of the crypto world. 🦸♂️
SharpLink [SBET] has the largest ETH reserves, surpassing even the Ethereum Foundation. It’s like they’re hoarding all the good stuff. It was reported that SharpLink would offer up to $5 billion of common stock to acquire more ETH. That’s a lot of stock for a lot of ETH!
Spencer’s post highlights the growing interest of traditional finance (TradFi) in Ethereum. He pointed to BlackRock’s move to add staking to its ETH ETF, signaling rising institutional confidence in Ethereum’s long-term value. It’s like the cavalry has arrived, and there’s no reason to be upset. 🎉
The price of Ethereum [ETH] has remained as unimpressed as a cat at a dog show. In the past two hours, ETH has fallen 0.53% to $3,409. But hey, at least it’s outperforming Bitcoin [BTC] and Solana [SOL] over the past week. Small victories, right? 🏆
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2025-07-18 11:39